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few jobs left out there for $22 an hour. i have a suggestion. bill clinton and david stockton agree on a solution for the entitlement program. they said to do away with the payroll tax and fund the medicare and pension system with a national sales tax, would eliminate the advantage that europe and the other nations have over us because they don't charge that on the exports. guest: many economists agree with your last point. the payroll tax cut is regressive and is a disincentive to save. many economists would agree with your point. bill clinton and david stockton can agree on something. they are more sensible than some in the political arena today. the point about dependency on public assistance -- i have not looked at this recently. i received permission to engage welfare reform. we meet the whole process much more work related. you have to participate in job- training. when a job came open, you had to take it. welfare rolls move down substantially. i think that is how the process should work. there should be a temporary way station, back to being a taxpayer once again. that is my
pressed obama his response was, well, under bill clinton there was great economic prosperity. the whole answer of obama is about bill clinton and now nifty the economy was under him. i got to tell you i would have given a limb to see mitt romney turn to the president and say, mr. president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years, we have averaged 3.3% growth a year. now, this president is fond of saying he inherited the worst economy in the history of the universe. [laughter] >> and everything by the way, is george w bush's fault. he doesn't have much historical memory when he makes that argument. any of all remember 1978, 1979, double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of explod
: just a related note. jim saying president bush read -- raise taxes and bill clinton ran on the worst economy in 50 years. guest: to the last caller, i do not mean to disappoint you. i agree with what you are saying. we do not have a position that we should lower taxes on corporations. there are some democrats saying that. it seemed crazy to me. we desperately need the revenue to kickstart our economy. when you talk about the fact that our government has been captured by lobbyists and corporate interests, when i talk about -- talk to moveon members, that is the first thing they say. banks have absolutely capture the regulatory process. oil companies have a huge amount to say about what the energy regulations are. you can go right down the list. i totally agree that we have to change how campaigns are financed in this country and the revolving door that allows people to zoom right out of government into lobbying and back and forth. that door should be slammed shut. there are things we need to do to break the ties between corporations and big business and the government that should be s
problems quickly is for that bill to pass through the house. >> the qwest tsin is a few list into what president clinton said overt secretary rate to said that the same version of for the long term sustainability we have to fix the deficit. clinton said that this get the deal to make it ironclad but delay its one-year or two. right now we a continuation of simulation. but do you agree with the conversation to have a grand bargain in to defect right away? o.r. do you agree so as some people. >> my job is economic policy adviser. as an economist, the right strategy is to get our hasselhoff's and order. and to show that we can do those commitments will require additional revenue along with cuts. we want to help in the short term. the president proposed tax cut is to help in the short run. good group with the lowest marginal propensity consumed and the cbo released report which concluded extending the middle-class tax cut would create one point* 6 billion jobs compared to allowing them to expire. that mrs. the fact if you take revenue if you use that to hire more schoolteachers or provide
on a bill the plan and the australian city today as part of the annual security meeting. attended by hillary clinton and leon panetta. they held as as a major leap forward in bilateral cooperation. and an import a new frontier in that state's rebounds to the asia-pacific area. and an update on the david petearus situation. leading investigators to a questionable relationship between the tampa florida socialite and the general commander of the war in afghanistan. their main question was a national security threatened? the extramarital affair was between the general petraus and paula broadwell. is a sense harassing e-mails to a woman -- who they say send harassing e-mails to a woman, jill kelley. jill kelley treated thousands of applications messages with the general john allen. possible evidence of another inappropriate relationship. defense secretary leon panetta speaking earlier today and australia says he has continued confidence in a general john allen to remain as commander of united states forces in afghanistan, despite his connection to the scandal. we will hear more on the scandal lat
Search Results 0 to 4 of about 5

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